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Last €52.95 EUR
Change Today +1.05 / 2.02%
Volume 45.0
THC1 On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:44 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

tenet healthcare corp (THC1) Snapshot

Open
€51.66
Previous Close
€51.90
Day High
€53.28
Day Low
€51.37
52 Week High
07/15/15 - €55.30
52 Week Low
11/17/14 - €36.61
Market Cap
5.3B
Average Volume 10 Days
9.6
EPS TTM
--
Shares Outstanding
99.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TENET HEALTHCARE CORP (THC1)

tenet healthcare corp (THC1) Details

Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies. It also provides intensive care, critical care and/or coronary care units, physical therapy, orthopedic, oncology, and outpatient services; tertiary care services, including open-heart surgery, neonatal intensive care, and neurosciences; quaternary care services in the areas of heart, liver, kidney, and bone marrow transplants; quaternary pediatric and burn services; advanced treatment options for patients; gamma-knife brain surgery; cyberknife radiation therapy for tumors and lesions in the brain, lung, neck, and spine; and outpatient services. In addition, the company offers clinical research programs related to cardiovascular disease, pulmonary disease, musculoskeletal disorders, neurological disorders, genitourinary disease, and various cancers, as well as drug and medical device studies. Further, it provides operational management for patient access, health information management, revenue integrity, and patient financial services; communications and engagement solutions to optimize the relationship between providers and patients; and management services comprising clinical integration, financial risk management, and population health management. As of July 15, 2015, the company operated 81 general acute care hospitals, 18 short-stay surgical hospitals, and approximately 400 outpatient centers in the United States; and 9 facilities in the United Kingdom. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

83,160 Employees
Last Reported Date: 02/23/15
Founded in 1967

tenet healthcare corp (THC1) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $565.9K
President of Hospital Operations
Total Annual Compensation: $690.6K
Vice Chairman
Total Annual Compensation: $700.0K
Senior Vice President and General Counsel
Total Annual Compensation: $459.6K
Compensation as of Fiscal Year 2014.

tenet healthcare corp (THC1) Key Developments

Tenet Healthcare Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Third Quarter and Full Year Ending December 31, 2015

Tenet Healthcare Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net operating revenues of $4,492 million compared to $4,038 million a year ago. Operating income was $164 million compared to $207 million a year ago. Net loss from continuing operations, before income taxes was $54 million compared to profit of $17 million a year ago. Net loss attributable to the company's common shareholders was $61 million compared to $26 million a year ago. Loss per diluted share was $0.61 compared to $0.27 a year ago. Capital expenditures were $175 million compared to $242 million a year ago. Adjusted EBITDA was $568 million compared to $460 million a year ago. The majority of the company’s revenue growth was driven by a 2.3% increase in same-hospital adjusted patient admissions, a 4.5% increase in same-hospital net patient revenue per adjusted patient admission, and a $28 million increase in revenue at Conifer from non-Tenet customers, representing a growth rate of 19.0%. The company generated adjusted net income from continuing operations of $76 million, or $0.75 per diluted share, in the second quarter of 2015. This excludes $136 million, or $1.35 per share, in after-tax impairment charges, restructuring charges, acquisition-related costs, and litigation and investigation costs. The company generated adjusted net income from continuing operations of $17 million, or $0.17 per diluted share, in the second quarter of 2014, excluding the comparable items that totaled $27 million after-tax, or $0.28 per share. Adjusted net cash provided by operating activities from continuing operations was $467 million against $318 million a year ago. Purchases of property and equipment from continuing operations were $175 million against $242 million a year ago. For the six months, the company reported net operating revenues of $8,916 million compared to $7,963 million a year ago. Operating income was $454 million compared to $377 million a year ago. Net income from continuing operations, before income taxes was $37 million compared to $5 million a year ago. Net loss attributable to the company's common shareholders was $14 million compared to $58 million a year ago. Loss per diluted share was $0.14 compared to $0.60 a year ago. Net cash provided by operating activities was $353 million compared to $247 million a year ago. Purchases of property and equipment continuing operations was $359 million compared to $523 million a year ago. Capital expenditures was $359 million compared to $523 million a year ago. Adjusted EBITDA was $1,097 million compared to $847 million a year ago. The year-over-year revenue growth also benefitted from acquisitions, joint ventures and newly constructed facilities. Adjusted net cash provided by operating activities from continuing operations was $447 million against $343 million a year ago. Purchases of property and equipment from continuing operations were $359 million against $523 million a year ago. The company revised earnings guidance for the third quarter and full year ending December 31, 2015. During 2015, the company expects to generate net operating revenues of $18.1 billion to $18.5 billion, Adjusted EBITDA of $2.225 billion to $2.325 billion, Adjusted free cash flow of $225 million to $425 million, and Adjusted earnings per share of $1.32 to $2.21. This includes approximately $65 million of electronic health record incentives. Net cash provided by operating activities of $1,119 million to $1,229 million. Adjusted net cash provided by operating activities from continuing operations of $1,225 million to $1,325 million. Purchases of property and equipment from continuing operations of $1,000 million to $900 million. Adjusted free cash flow from continuing operations of $225 million to $425 million. In the third quarter of 2015, the company expects to generate net operating revenues of $4.65 billion to $4.85 billion, Adjusted EBITDA of $550 million to $600 million and Adjusted earnings per share of $0.05 to $0.49. This includes approximately $8 million of electronic health record incentives.

Tenet Healthcare Corporation, Dignity Health and Ascension to Form Partnership to Own and Operate Carondelet Health Network in Arizona

Tenet Healthcare Corporation, Dignity Health and Ascension have signed a definitive agreement to create a partnership that will own and operate Carondelet Health Network based in Tucson, Arizona. Tenet will be the majority partner in the new joint venture and will manage the operations of three hospitals, related physician practices, outpatient and ambulatory services, and other affiliated businesses in Tucson and Nogales, Arizona. Dignity Health and Ascension will own minority interests in the partnership. A Tucson–based joint venture will connect Carondelet to ACN, which will provide increased access to care for patients, strengthen and grow Carondelet’s relationships with physicians, provide employee development opportunities for current and future employees, and fund strategic growth initiatives across Southern Arizona. The facilities in the new partnership will include: St. Joseph’s Hospital (486 beds) in Tucson; St. Mary’s Hospital (400 beds) in Tucson; Holy Cross Hospital (25 beds) in Nogales; Carondelet Heart & Vascular Institute at St. Mary’s Hospital; Carondelet Neurological Institute at St. Joseph’s Hospital; Carondelet Medical Group; Carondelet Specialist Group. The joint venture will maintain Carondelet’s Roman Catholic heritage and identity through an agreement with the Diocese of Tucson. Additionally, Carondelet’s existing charity care policies will remain in place. The transaction is subject to normal regulatory reviews and is expected to close in the third quarter of 2015.

Baptist Health System and Tenet Healthcare Corporation Signs Definitive Agreement to Create Joint Venture; Parrott Names as CEO of the Joint Venture

Baptist Health System and Tenet Healthcare Corporation signed a definitive agreement to create a joint venture that will operate a healthcare network serving Birmingham and central Alabama. The new network will include all Baptist Health System hospitals, Tenet’s Brookwood Medical Center and each organization’s related businesses. Under the joint venture arrangement, Tenet will be the majority partner and will manage the network’s operations. The new company will unite Baptist Health System’s four hospitals – Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center and Walker Baptist Medical Center – with Brookwood Medical Center. Together, the new system will have more than 1,700 licensed beds; 77 outpatient and physician office facilities, including clinics delivering primary and specialty care; approximately 7,300 employees; and approximately 1,500 affiliated physicians. Parrott will become CEO of the joint venture, which will be overseen by a board composed of five representatives from Baptist and five representatives from Tenet.

 

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Industry Analysis

THC1

Industry Average

Valuation THC1 Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 7.0x
Price/Cash Flow 6.2x
TEV/Sales NM Not Meaningful
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